Or continue their steady climb?
I have until tomorrow to lock my rate.
Just follow the 10 year treasury bond yield.
Same. I stay refreshing the mortgage rates daily website.
Harlan said:
Same. I stay refreshing the mortgage rates daily website.
Dumb question, but which website do you use to track rates? My credit union used to post the rates for the best case scenario, and I’d use that to gauge the trends in mortgage rate. But they don’t show that anymore 
@Lane
Not a dumb q. I don’t know if posting sites is allowed here buts it’s literally mortgage rates daily dot com. I’ve talked to four brokers and they all use that site as a reference.
Harlan said:
@Lane
Not a dumb q. I don’t know if posting sites is allowed here buts it’s literally mortgage rates daily dot com. I’ve talked to four brokers and they all use that site as a reference.
You mean mortgagenewsdaily.com
Harlan said:
@Lane
Not a dumb q. I don’t know if posting sites is allowed here buts it’s literally mortgage rates daily dot com. I’ve talked to four brokers and they all use that site as a reference.
Thank you so much!
Rates are pricing for the better as we speak. 11 of my lenders have priced for the better as of now
Uma said:
Rates are pricing for the better as we speak. 11 of my lenders have priced for the better as of now
Elaborate please. What is priced for the better mean? Give a couple of rate changes
@Zan
Meaning most lenders are actively updating their pricing regularly and just updated a few minutes ago about 25 basis points better
The mortgage market has already priced in this rate cut, so I doubt there will be any material change for you.
I hope you have a trusted lender to ask. Not that they can predict the future, but most have a good idea what’s going to happen.
Certainly better than Reddit!
Bryn said:
I hope you have a trusted lender to ask. Not that they can predict the future, but most have a good idea what’s going to happen.
Certainly better than Reddit!
I also wouldn’t trust what a lender has to say, they’re trying to make a sale and will tell you what you want to hear
@Tegan
Totally; why I provided the caveat, “Trusted.”
I’ve used the same lender for over 10 years and she’s the best lender I know. if she felt the rates were dropping no way would she pushed to lock. Many of her clients have been with her for 20+ years.
@Tegan
I like how you got downvoted for telling the truth. All lenders don’t have a clue about what’s to come. If they did they wouldn’t be talking to consumers.
Priced better the last two days… is your lending not updating you?
No one can predict where rates will go but they did get a bit better today. When do you close?
Here’s the place to get the best commentary. Today's Mortgage Rates - Daily Index
hang on. let me look into my crystal ball
However, if you keep waiting for the rate to drop, you’re gonna have more disappointment than joy. Find a local mortgage broker to get a better understanding on mortgage rate.